by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways reported record results for the first quarter of 2013. Revenues grew a whopping 18.7% year over year to $900 million, up from $758 million in Q1 of 2012. In its 10th year of operations, Etihad also saw cargo revenues grow 17% to $193 million. Passenger figures also reached a …
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DGCA made a bad financial decision in shutting down Kingfisher Airlines
Earlier this month, now shutdown Kingfisher Airlines, once India鈥檚 largest private domestic carrier, reported a huge net pre-tax loss of Rs. 1115.5 Crore for the second quarter of Fiscal Year 2012-13. The performance was by far and away the poorest quarterly financial performance out of any Indian airline in the last few years, though that is to be expected given …
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